SHIB Community Pushes for BONE’s Inclusion on Robinhood

The loud chant of the SHIB community: “Robinhood, it’s time for $BONE!”

Shiba Inu on a massive BONE looking out for Robin hood.
Created by Kornelija Poderskytė from DailyCoin
  • Shibarium L2 approaches 4 million transactions on the mainnet.
  • Robinhood Exchange announced expansion plans to the EU & UK.
  • SHIB Army members asked Robinhood about the $BONE listing.

Shiba Inu’s Layer-2 scaling solution Shibarium dropped this year with instantaneous success, but the hype surrounding the innovation has overlapped with many major crypto platforms being reluctant to list Bone ShibaSwap (BONE). 

BONE, the alternative token in Shiba Inu’s Ecosystem, has often been the center of discussion around Shiba Inu holders, who had expected it to be listed on a major exchange after Shibarium’s public mainnet officially dropped.

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However, BONE saw only mild adoption by a few lesser-known global exchanges, even though the SHIB community was active all year round to send constant reminders on X to Coinbase, Binance, and Robinhood.

The smart contract renunciation was the main obstacle for BONE’s major listings. According to a community vote, BONE was agreed to have a max supply capped at 250,000,000 tokens.

In September, the community’s expectations were met. Shibarium L2 developers officially renounced $BONE’s smart contract, paving the way for the Shibarium gas fee token’s major listing. As devs fulfilled the promise of scarcity, the community’s crusade escalated, and the popular retail exchange Robinhood is once again requested to list BONE.

Is Robinhood Digging Shiba Inu’s BONE?

Meanwhile, Robinhood had recently announced expansion plans. After publishing its report for Q3 of 2023, Robinhood declared the brokerage journey to continue in the European region, as the regulatory framework is clearer due to the recent implementation of MiCA.

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Despite not answering the request of the Shiba Inu community, the likelihood of Robinhood eventually adding BONE is still high due to the exchange’s previous decisions. In 2021, the SHIB Army penned an online petition to list SHIB. With 3,000 authentic signatures, the Shiba Inu listing petition was effective. The exchange is now the second-largest SHIB custodian besides Binance.

Owing a colossal 35 trillion SHIB, Robinhood’s trust in the canine coin resurfaced in mid-September when the exchange scooped up another 878.5 billion SHIB tokens. Naturally, the move sparked more speculation in the crypto community, eagerly waiting for Shibarium’s $BONE to get listed on the crypto giant’s trading platform.

On the Flipside

  • Despite nearing 4 million transactions on its own blockchain, Shibarium L2 has dramatically plunged in everyday transactions since the first weeks.
  • Shibarium’s gas token Bone ShibaSwap (BONE) is close to repeating yearly lows, falling below $0.70 support with a negative BTC price correlation.

Why This Matters

Robinhood is a leading crypto exchange with huge expansion plans, while Shiba Inu is one of the most watched altcoins in the crypto sphere.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.